i******r 发帖数: 236 | 1 I have a question about tax return for home improvement. Is the tax for
purchasing materials and labor eligible for deduction of general sales taxes
? I am a bit confused. I heard from many people that expenses for home
improvement is eligible for tax return, but when I read the instruction for
itemized deduction(schedule A), it seems taxes for porperty improvement can
not be deducted. Does anybody knows about that, or has claimed tax return
for home improvement? Thanks a lot | i******r 发帖数: 236 | 2 自己顶一下。
taxes
for
can
【在 i******r 的大作中提到】 : I have a question about tax return for home improvement. Is the tax for : purchasing materials and labor eligible for deduction of general sales taxes : ? I am a bit confused. I heard from many people that expenses for home : improvement is eligible for tax return, but when I read the instruction for : itemized deduction(schedule A), it seems taxes for porperty improvement can : not be deducted. Does anybody knows about that, or has claimed tax return : for home improvement? Thanks a lot
| a**d 发帖数: 9 | 3 Tax paid for purchasing home improvement materials (but not on labor) can be
added to general sales taxes as a specified item on schedule A (there's a
calculater/worksheet you can find on IRS web, which listed what are the
specified items that can be added to general sales tax). If the home
improvement is energy efficient improvement, you may claim 30% of the tatal
cost, limited to $1500, as residential energy credits (need to file form
5695). Here is the link: http://www.irs.gov/newsroom/article/0,,id=226434,00.html |
|